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Debt mutual fund schemes have outperformed equity mutual funds in recent months, benefiting from inflows totalling INR 1.5 lakh crore ($22bn) during April and May, compared to just over INR 7,200 crores across all equity mutual fund categories. Adil Shetty, the CEO of BankBazaar.com, suggested that equity underperformance strayed from a variety of reasons: investor liquidity needs, profit-taking as markets edge towards new highs, and higher bond yields making debt funds more attractive. Nonetheless, experts have cautioned against an investment exclusively in debt funds and urge rebalancing portfolios to reduce risk and boost wealth.

The Nifty IT index closed 0.74 per cent down at 28811.15.

The stock traded at a P/E multiple of 54.5, while the price-to-book value ratio stood at 5.77.

Chip industry heavyweights Advantest and Tokyo Electron sank 6.86% and 4.57%, respectively, following a decline by U.S. peers and paring a recent surge driven by euphoria over artificial intelligence.

The Relative Strength Index of the stock stood at 62.97 on Thursday.

The potential upgrade of Korea from an emerging market to a developed market by global index provider MSCI could inject $26bn into Nifty, already buoyed by $9bn of foreign institutional inflows (FIIs), unless delayed by not making it to this year’s DM watchlist. The upgrade will likely result in China and India benefiting from an outflow of $39bn and an inflow of $26bn, respectively. An actual inclusion is only feasible in late 2024 and will see active funds positioning ahead of the inclusion and passive/indexed fund flows occurring much later.

​Foreign portfolio investors (FPIs) continued to buy shares of banks, NBFCs, capital goods in first half of June.​

A total of 96,882 shares changed hands on the counter till 02:10PM (IST).

The BoE is set to raise interest rates for the thirteenth time in a row, a day after inflation data came in higher than expected again, but bets were almost evenly split between a 25-basis-point (bps) and 50-basis-point hike.

Investor behaviour is influenced by several biases that can cloud judgement, resulting in suboptimal investment decisions. Some of these biases include self-attribution, herd mentality, trend-chasing, loss aversion, disposition effect, representativeness, confirmation bias, familiarity bias, and recency bias. Investors should identify and understand these biases to avoid their ill effects.